Jefferson City, MO - Dutch Bros

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed Dutch Bros Coffee investment property located in Jefferson City, Missouri. The tenant recently signed a brand new 15 year lease with 3 (5-year) options
to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of
each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Dutch Bros Inc. (NYSE: BROS) is a high growth operator and franchisor of drive-thru shops with 1,000+ locations nationwide.

The subject property is positioned at a high-visibility location along Missouri Boulevard (23,880 VPD) Jefferson City’s dominant retail corridor. The immediate trade area is anchored by national retailers including Sam’s Club, Walmart Supercenter, Target, Kohl’s, Hobby Lobby, and Capital Mall, which receives over 3.5 million annual visits (per Placer.ai) driving consistent consumer traffic onto Missouri Boulevard and promoting crossover retail exposure to the property. Moreover, the asset is situated directly across from Schnucks Supermarket, the primary grocer on the thoroughfare, increasing consumer traffic near the site. Dutch Bros will benefit from strategic location near multiple points of ingress/egress of U.S. Highway 50 & 54 (combined 80,650 VPD), a pair of primary highways utilized by commuters throughout central Missouri. Jefferson City’s centralized location between St. Louis and Kansas City provides the tenant with strategic access to both major markets while benefiting from the area’s affordability, strong workforce, and resident appeal. The 5-mile trade area is supported by a population of over 51,100 residents and 68,100 employees with an average household income of $98,766.